Japanese Candlesticks Analysis 13.02.2019 (GOLD, NZDUSD)
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still trading close to the resistance level; it has already formed several Doji, Hammer, and Harami reversal patterns. Judging by the previous movements, it may be assumed that after finishing the correction the instrument may continue its ascending movement.
NZDUSD, “New Zealand vs. US Dollar”
As we can see in the H4 chart, NZDUSD has completed another pullback from the support level and formed several Hammer, Inverted Hammer, and Engulfing reversal patterns. Judging by the previous movements, it may be assumed that the instrument may complete another correction and then continue its growth.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.